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Can you sit on a board there?

Pick a market. You get the residency test, the nationality test, the work-authorisation position, the appointment steps in order, and the frictions that actually delay appointments — each cited to the instrument that creates it.

Open to foreign directorsFR

No nationality or residency test applies to a director of a French société anonyme. The constraint on a French board is its composition arithmetic, not your passport.

Residency test
None.
Nationality test
None.
Work authorisation
A non-executive director attending board meetings requires no work authorisation. An executive mandate — directeur général or a directoire seat — held by a non-EU national raises residence-permit questions and should be checked before acceptance.
Board language
Board papers at CAC 40 issuers are frequently bilingual, but committee work and minutes are commonly in French.
Tenure limit once appointed
Twelve years. Under the AFEP-MEDEF Code a director loses independent status on passing twelve years' service, and the board must state the position each year.
Time commitment
Typically 6–10 board meetings a year plus committee cycles and a strategy seminar; audit committees at CAC 40 issuers meet considerably more often.
What a seat pays
€60,000 – €120,000 a year for a non-executive director of a CAC 40 company, before committee fees; SBF 120 mid-caps sit materially below that.
Tax on your fees
Directors' fees paid to a non-resident are French-source income subject to withholding at source, with treaty relief claimed afterwards. French social-contribution treatment is a separate question and worth advice.

The appointment steps, in order

  1. 1Appointment by the general meeting, or co-option by the board pending ratification at the next meeting
  2. 2Filing of the change of directors with the greffe of the commercial court for entry in the RCS
  3. 3Confirm the appointment does not breach the 40% gender arithmetic — the sanction is voidness, not a fine
  4. 4Confirm you are within the statutory limit on the number of French directorships a person may hold concurrently

What actually gets in the way

  • The quota's voidness sanction means the board's next appointment may be legally constrained to one gender regardless of the shortlist's merits
  • Board papers at CAC 40 issuers are frequently bilingual, but committee work and minutes are commonly in French
  • Employee directors sit on large boards and change what is discussed and how it is minuted, which is unfamiliar to directors from unitary Anglo-American boards
  • French directors' civil and, in defined circumstances, criminal liability is real and is not displaced by a D&O policy

The instruments behind these answers

  • Code de commerce art. L.225-17 et seq. Governs the société anonyme. A company may run a unitary board (conseil d'administration, chaired either by a combined président-directeur général or by a separated chairman alongside a directeur général) or a two-tier structure (conseil de surveillance with a directoire). Board size is between three and eighteen directors. (Republic of France)
  • Loi Copé-Zimmermann (Law 2011-103) Requires boards of listed and large companies to be composed of at least 40% of each gender. An appointment made in breach is void, and the payment of directors' remuneration is suspended until the board's composition is corrected. (Republic of France)
  • Loi Rixain (Law 2021-1774) Extends gender balance beyond the board into senior executive management for companies above 1,000 employees, on a phased timetable running to the end of the decade, with published results. (Republic of France)
  • Loi PACTE (Law 2019-486) Requires companies above defined workforce thresholds to appoint employee directors to the board — one, or two where the board has more than eight members — elected by employees rather than by shareholders. (Republic of France)
  • AFEP-MEDEF Code de gouvernement d'entreprise Comply-or-explain. Asks for at least half the board to be independent in widely-held companies and at least one-third in controlled companies, treats twelve years' service as ending independence, and requires an audit committee that is at least two-thirds independent and chaired by an independent director. (AFEP / MEDEF, monitored by the Haut Comité de Gouvernement d'Entreprise)

Reviewed against primary sources in September 2026. This is governance decision-support, not legal or tax advice. Rules change and transitional provisions frequently apply — verify against the primary instrument before you rely on it.

Eligibility is only the first question

Being allowed to sit on a board there is not the same as being read for one.

The mobility index answers the second question: whether your record is legible to a board in that market, whether you hold what it is currently short of, and whether you can do the job in the language its board works in.